Question

Required information Problem 5-4B Record transactions related to uncollectible accounts (L05-4,5-5) The following information applies to the questions displayed below) Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $409,000 on account of this amount, $59,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Amount Percent Age Group Receivable Uncollectible Not yet due $39, 0-30 days past due 10,900 31-60 days past due 7,900 More than 60 days past due 1,200 20% Total $59,000 2% tex Problem 5.4B Part 4 4. On July 17, 2022, the customer whose account was written off in Part 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Answer 1

Date	General Journal	Debit	Credit
July 17, 2022	Accounts receivable	100
	Allowance for uncollectible accounts		100
July 17, 2022	Cash	100
	Accounts receivable		100